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...Now the US produces almost 20mn b/d of petroleum, roughly on par with consumption. Imports from the Gulf have plummeted, and the US became a net oil exporter for the first time in 2019....
...A train company might be the only operator that can take you from A to B (though some days you might be quicker walking)....
...At new wells in the Permian, average oil production per drilling rig has increased to 1,319 b/d. A decade ago the figure was about 183 b/d....
...of Brexit, we have to encourage every linkage we can make with continental Europe.”...
...The Permian produces about 5.8mn barrels of oil a day, out of about 13mn b/d in total US oil production....
...Alongside Continental Resources boss Harold Hamm, Hess transformed the state from producing fewer than 100,000 barrels of oil a day in the early 2000s to a peak of 1.5mn b/d in 2019....
...Here in the UK the value of housing stock is four times that of companies in the FTSE 100. The average price of a flat in some of the poorest suburbs of London easily exceeds my portfolio below....
...But Forry is more of a shell of a company than it is a legitimate enterprise. All of its transactions were either made to Riad Salameh, his brother, or offshore companies....
...Production has recovered to just over 12mn barrels a day, down from the record high of 13mn b/d hit in 2019....
...Conditioning enhanced R&D tax breaks on a domestic listing — as the report suggests, for example — is its own kind of protectionism....
...answers — A: rural road just northwest of Pomeroy, KwaZulu-Natal, South Africa; B: Westerstraat, Amsterdam; C: Nethergate, Dundee, Scotland; D: Manado, North Sulawesi Find out about our latest stories first...
...Continental Resources, which shale pioneer Harold Hamm took private last year, is the US’s biggest private oil producer, pumping 280,000 b/d. It’s also a natural gas powerhouse....
...The reason that’s bad is because a) it doesn’t usually work, and b) it just invites retaliation....
...Her mother was a pharmacist and her father worked in a double-glazing company before retraining as a taxi driver. Both sides of her family are Jewish....
...Goldman Sachs forecasts a demand leap this year of 2.7mn b/d, pushing oil prices back above $100 a barrel....
...So I was really raised by my stepfather, Bob, who started a business in the fourth market before computers ever existed where he and his business partner started a company with a card table and telephone...
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...Smart reads Plan B Rightwing tycoon Peter Thiel’s political donations have yet to spark the change he’d hoped for....
...chief executive of a company undertaking a lithium brine exploration project in Nevada....
...California and Nevada recorded their driest months on record for the first three months of 2022....
...It is also looking to boost its production to 350,000 b/d by 2025....
...Output over the past four weeks was just 11.6mn b/d, according to the Energy Information Administration, well below the record high of about 13mn struck before the pandemic....
...Freeman’s appointment as science minister last September was welcomed warmly by most UK scientists, who appreciated his knowledge of the sector from a pre-parliamentary career founding high-tech companies...
...Rows of London taxis, a faux grenadier band, red telephone boxes, oil money. You guessed it, this is Saudi Britain....
...There are about half the number of rigs drilling for oil as there were in 2019 and output is hovering around 1.1m barrels a day, far below its pre-pandemic peak of 1.5m b/d....
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